LIMITED RUN CONSIGNORS CLUB - JOURNEY INTO WEB3
The Limited Run Consignors Club is the collective of asset providers to the Limited Run platform. We have been working on idea to create an autonomous structure to facilitate fluid trade of sneakers and collectibles through the utilisation of blockchain technology and smart contracts.
You could think of it like a vending machine for sneakers and the club members are responsible for ensuring the vending machine is stocked up with goodies for those passers by to grab. Yes, if you're one of our loyal customers, that's You! :)
One of the primary problems with consignment we are trying to solve is this:
When an asset is left with a platform.... what do you have?
You should have collateral.
Our token will act as a pass allowing its holder exclusive rights to access our consignors club and be part of our community who are responsible restock the vending machine. The value that is generated through the vending machines operations will be carefully redistributed throughout the ecosystem to ensure that the treasury grows organically over time whilst also returning value to our holders through various mechanisms which are now possible thanks to blockchain technology.
We believe that exposure to certain blue chip assets will allow LRCC to generate value organically both through the sale of physical assets (eg. sneakers) and by holding and monetising key blue chip digital assets by actively engaging in those projects or utilising the IP as these Blue Chip Brands grow and gain mainstream popularity. We will also actively build our ecosystem using these key digital assets to provide an engaging and interactive club membership and experience. We believe some of the brands that have been created over the last few years in the WEB3 Space will become large IP brands in the decentralised realm, some of which already show immense amounts of Social Proof:
The projects we have identified which we will focus building our consignment club asset portfolio is:
(Wenew and 10KTF has recently been acquired by Yuga Labs)
We will include more as new project emerge and gain sufficient social proof. For now, the technology, although game changing, is still extremely nascent in terms of adoption and we hope to bring more people into WEB3.0 using our project. The things we have learnt seeing projects like 10KTF and CLONEX blossom has truly been incredible to watch. We are now more convinced than ever that this technology is here to stay.
We intend to build our consignors club utilising WEB3 to provide a consignor experience like no other and the pass, effectively will become a derivative asset deriving it's value from the collective treasury of the club. Holders will have access to our community and be part of the development of the LRCC which aims to provide a wide range of utility across various dimensions. The key dimension will be ACCESS to our consignors club where we collectively have access (by extension) to notable projects in the WEB3 space.
Part of our mission during the early stages of our project will be to provide access to our holders to assets from these established projects (Like 10KTF) which requires holding the asset for active engagement and rewards. We will do this by allowing our holders access to these assets via escrow contracts and technologies and protocols like warm.xyz etc.
For those already in the WEB3 space, our project will provide a unique opportunity to monetise your intellectual property (IP) assets. By holding our LRCC Genesis token you'll get exclusive access to a club intending to create commemorative drops and apparel collections utilising the IP from our club and holders allowing for royalty opportunities for our holders which also hold Blue Chip IP NFTs. We will do so whilst developing our own lore around our experiences and missions as we build clubhouses in the metaverse.
It is the year 2019, VMAN builds LR v1. A machine capable of changing the state of matter within the real world. Travelling across the globe, he is inspired by all sorts of instruments but he hears whispers of a portal into another realm.
Two years later....
Work immediately begins to multiply and a team is sent to investigate. 23 went in search of a particular bounty: the legendary AJ1 LOW CACTUS JACK x FRAGMENT was rumoured to exist in these other realms.
One was found. The rest, likely lost forever. From the journey VMAN brings proof of such worlds and it is stored safely in the LRCC Clubhouse:
PAST MISSIONS: LRCC TREASURE HUNT
LRCC TREASURE HUNT MISSION COMPLETE:
CHECK IT OUT HERE
LRCC PROJECT MILESTONES
[work in progress]
WHITEPAPER - coming soon
PHASE 1 : SEED FUNDING - (currently underway)
We are currently in the process of securing our first batch of stock to populate the LRCC vault. LRCC project founders are approaching existing consignors to commit assets to the vault in exchange for early access token allocations to LRCC.
Due to the high amount of interest, only existing consigned assets will be considered for commitment during this phase.
if you would like to become a consignor with us, please join our discord and create a ticket requesting assistance.
PHASE 2 : WHITELIST - TBC
PHASE 3: PUBLIC SALE - TBC
Revision date: 12.12.22
Join our discord to stay up to date with our project:
To become a consignor you can create a ticket in our discord server and one of our mods will guide you through the process. Should all go well, ALL our consignors will be required to hold a LRCC token in order to access the server, for now, you may come and explore freely :)
Early supporters will be rewarded with various opportunities and will have a front row seat to the development of our platform.